"
The goal is to dollarize, we are going to do it when the conditions are optimal,
" Luis Caputo said this Wednesday and the market took note.
The Minister of Economy insisted that a
new devaluation is not foreseen in his plans,
and investors responded: this Thursday the financial dollar marks a new fall and the gap once again hits two-month lows.
The CCL falls 1.7%, breaks the floor of $1,100 and settles at
$1,095.
This price, the way companies use to become dollarized, has deflated more than 12% since the beginning of the month.
Meanwhile, the MEP dollar also notes another decline: it loses 1.6% and reaches
$1,055
and becomes the cheapest on the market.
Meanwhile, on the street, the blue dollar gives up 25 pesos, to
$1,085
.
The tightening of the pockets of families and the margins of companies changes the logic of the market and there is
greater supply than demand,
something unusual in February, where seasonally the demand for pesos usually hits minimums.
These quotes bring the gap with the official price to 31%, the minimum value in two months.
Caputo's message on television this Wednesday served to ratify the Central Bank's objective of maintaining a fixed monthly devaluation rate.
Until now, the organization chaired by Santiago Bausuli
maintains the guideline of 2% monthly rise for the official dollar.
Futures contracts had been falling, but this Thursday they recorded their second rise in a row.
Investors see the official dollar near $1,072 for next June.
"In this way, the implicit devaluation is 1% until February, 11% until April and 36% until July," they indicated in Cohen.
So far in February, the Central Bank has added purchases for
US$ 1,777 million.
On the other hand, the stock of international reserves increased by US$ 64 million to reach
US$ 27,156 million.